Cwm LLC Purchases 174,211 Shares of Jacobs Solutions Inc. (NYSE:J)

CWM LLC increased its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 9,149.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 176,115 shares of the company's stock after acquiring an additional 174,211 shares during the quarter. CWM LLC owned about 0.14% of Jacobs Solutions worth $22,860,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mirabella Financial Services LLP bought a new position in Jacobs Solutions during the 3rd quarter worth about $202,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in Jacobs Solutions in the 4th quarter valued at $5,192,000. Wellington Management Group LLP boosted its stake in Jacobs Solutions by 62.7% during the 3rd quarter. Wellington Management Group LLP now owns 61,010 shares of the company's stock worth $8,328,000 after purchasing an additional 23,509 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Jacobs Solutions by 9.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 691,955 shares of the company's stock worth $94,452,000 after purchasing an additional 62,259 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in Jacobs Solutions by 14.7% during the 3rd quarter. Raymond James & Associates now owns 80,498 shares of the company's stock worth $10,988,000 after purchasing an additional 10,296 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Insider Buying and Selling at Jacobs Solutions

In related news, CFO Kevin C. Berryman sold 1,500 shares of the company's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $229,800.00. Following the transaction, the chief financial officer now owns 233,104 shares in the company, valued at $35,711,532.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Steven J. Demetriou sold 7,000 shares of the firm's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the transaction, the insider now directly owns 555,138 shares of the company's stock, valued at $85,047,141.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin C. Berryman sold 1,500 shares of the firm's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $229,800.00. Following the completion of the sale, the chief financial officer now directly owns 233,104 shares in the company, valued at $35,711,532.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,838 shares of company stock worth $2,393,710. Insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on J. KeyCorp began coverage on shares of Jacobs Solutions in a research report on Wednesday, January 10th. They set a "sector weight" rating on the stock. Bank of America boosted their price target on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 2nd. Truist Financial started coverage on Jacobs Solutions in a research report on Thursday, March 14th. They set a "hold" rating and a $154.00 price objective for the company. Royal Bank of Canada upped their price target on Jacobs Solutions from $151.00 to $161.00 and gave the company an "outperform" rating in a report on Wednesday, February 7th. Finally, Argus increased their price objective on Jacobs Solutions from $161.00 to $174.00 and gave the company a "buy" rating in a report on Thursday, March 14th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $154.08.

Jacobs Solutions Stock Up 0.2 %

J traded up $0.33 on Friday, hitting $143.83. 382,757 shares of the company were exchanged, compared to its average volume of 500,067. Jacobs Solutions Inc. has a 12 month low of $109.00 and a 12 month high of $154.50. The company has a market cap of $18.07 billion, a PE ratio of 25.68, a PEG ratio of 1.52 and a beta of 0.73. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. The stock's fifty day moving average is $147.62 and its 200-day moving average is $137.66.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.56 by $0.46. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same quarter last year, the company earned $1.67 EPS. The company's revenue was up 10.6% on a year-over-year basis. Equities research analysts predict that Jacobs Solutions Inc. will post 8.07 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.16 dividend on an annualized basis and a yield of 0.81%. This is an increase from Jacobs Solutions's previous quarterly dividend of $0.26. Jacobs Solutions's payout ratio is 20.71%.

About Jacobs Solutions

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.